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No problems @sptrawler , there seems to be plenty of quality popping up on the daily scans and strike rate is looking good.
BXB - Brambles Industries
- Thread starter TheAbyss
- Start date
No problems @sptrawler , there seems to be plenty of quality popping up on the daily scans and strike rate is looking good.
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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logistics group Brambles has warned that supply chain issues across its global businesses could potentially hit its forecasts for the current financial year.
In its September quarter trading update, the company cited higher costs for timber (for its pallets), labour (wages in the US) and transport (higher energy costs).
For the quarterly update, Brambles says sales revenue from continuing operations rose 11% on the prior corresponding period to $US1.292 billion, and was up 9% in constant currency terms.
For the 2022 financial year, Brambles says it is expecting sales revenue growth of 5% to 7%, underlying profit growth between 1% and 2% (including approximately US$50 million of short-term transformation costs).
Revenue growth will moderate from the 9% in the first quarter “due to stronger FY21 revenue comparatives for the balance of FY22.”
Free cash flow is expected to be an outflow of approximately US$200 million, but Brambles says this is dependent on a number of factors, including timber prices, sawmill capacity and efficiency of global supply chains.
In its September quarter trading update, the company cited higher costs for timber (for its pallets), labour (wages in the US) and transport (higher energy costs).
For the quarterly update, Brambles says sales revenue from continuing operations rose 11% on the prior corresponding period to $US1.292 billion, and was up 9% in constant currency terms.
For the 2022 financial year, Brambles says it is expecting sales revenue growth of 5% to 7%, underlying profit growth between 1% and 2% (including approximately US$50 million of short-term transformation costs).
Revenue growth will moderate from the 9% in the first quarter “due to stronger FY21 revenue comparatives for the balance of FY22.”
Free cash flow is expected to be an outflow of approximately US$200 million, but Brambles says this is dependent on a number of factors, including timber prices, sawmill capacity and efficiency of global supply chains.
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Response to Media Speculation
Brambles Limited (ASX:BXB) notes media speculation earlier this afternoon regarding possible corporate interest in Brambles. While it is Brambles' policy not to comment on rumour or media speculation, Brambles confirms that it is not in discussions with, nor has it been approached by, any third party. Brambles is aware of its continuous disclosure obligations. The release of this announcement was authorised by the Chairman of Brambles Board.
DYOR
i do not hold BXB , currently , but have in the past and coincidentally cancelled a buy order earlier this afternoon as the price drifted up out of target range ( i was looking for $8.80 )
i was looking at this as a 'safe haven ' rather than a recovery play
take care
Brambles Limited (ASX:BXB) notes media speculation earlier this afternoon regarding possible corporate interest in Brambles. While it is Brambles' policy not to comment on rumour or media speculation, Brambles confirms that it is not in discussions with, nor has it been approached by, any third party. Brambles is aware of its continuous disclosure obligations. The release of this announcement was authorised by the Chairman of Brambles Board.
DYOR
i do not hold BXB , currently , but have in the past and coincidentally cancelled a buy order earlier this afternoon as the price drifted up out of target range ( i was looking for $8.80 )
i was looking at this as a 'safe haven ' rather than a recovery play
take care
Brambles announced a share buy back this morning. Noticed there was a dive on Friday last week with a large volume traded. ??? is it getting more stable now??????
This appendix is available as an online form Appendix 3C
Notification of buy-back
+ See chapter 19 for defined terms
5 June 2021 Page 7
4.8 *If the entity has disclosed an intention to buy back a
maximum number of +securities, the remaining number
of +securities to be bought back as at the end of the
previous day
Note: ASX has calculated this number for you based on previous
notifications. If it is not correct, please amend it to the correct number
and consider whether any updates need to be made to previous
notifications.
Up to a total of 144,400,000
fully paid ordinary shares.
37,265,672 shares have
been purchased to date,
the remaining number of
shares to be purchased is
up to a number of
107,134,328 shares.
Good afternoon,
rcw1 has entered BXB in the yearly stock competition. Why so?
As at 26 October 2023, Brambles reconfirmed its FY24 guidance.
For the year ended 30 June 2024, Brambles expects:
• Sales revenue growth of between 6-8% at constant currency;
• Underlying Profit growth of between 9-12% at constant currency;
• Positive Free Cash Flow before dividends of between US$450-550 million; and
• Dividend payout ratio to be consistent with the dividend payout policy of 45-60% of Underlying Profit after finance costs and tax in US dollar terms and fully funded through Free Cash Flow
UBS analyst Andre Fromyhr had predicted at the end of August, (cited in a AFR article) of a 12-month price target of $15.90 stating the guidance provided for 2023-24 “should build confidence” that Brambles could withstand slowing consumer spending.
Nice.
Under the Chep brand, Brambles looking A okay operating a rather largish pool of 361 million pallets and containers !!!! It had been reported by Brambles that it retrieved pallets from customers who held onto them for too long, using smaller trucks to collect in a project which recovered 10 million pallets!!! Any shortage of pallets for customers was soon overcome!!!
rcw1 has traded previously. Not presently holding but have some high expectations for this stock. Have a prosperous 2024.
Kind regards
rcw1
rcw1 has entered BXB in the yearly stock competition. Why so?
As at 26 October 2023, Brambles reconfirmed its FY24 guidance.
For the year ended 30 June 2024, Brambles expects:
• Sales revenue growth of between 6-8% at constant currency;
• Underlying Profit growth of between 9-12% at constant currency;
• Positive Free Cash Flow before dividends of between US$450-550 million; and
• Dividend payout ratio to be consistent with the dividend payout policy of 45-60% of Underlying Profit after finance costs and tax in US dollar terms and fully funded through Free Cash Flow
UBS analyst Andre Fromyhr had predicted at the end of August, (cited in a AFR article) of a 12-month price target of $15.90 stating the guidance provided for 2023-24 “should build confidence” that Brambles could withstand slowing consumer spending.
Nice.
Under the Chep brand, Brambles looking A okay operating a rather largish pool of 361 million pallets and containers !!!! It had been reported by Brambles that it retrieved pallets from customers who held onto them for too long, using smaller trucks to collect in a project which recovered 10 million pallets!!! Any shortage of pallets for customers was soon overcome!!!
rcw1 has traded previously. Not presently holding but have some high expectations for this stock. Have a prosperous 2024.
Kind regards
rcw1
Good evening
This stock is cruising effectively in the right direction. 14 bucks good place to be at present. 1/2 yearly presentation comes in late February. So, thinking this will be the driver behind further escalation / de-escalation of SP.
Have a very nice evening.
Kind regards
rcw1
This stock is cruising effectively in the right direction. 14 bucks good place to be at present. 1/2 yearly presentation comes in late February. So, thinking this will be the driver behind further escalation / de-escalation of SP.
Have a very nice evening.
Kind regards
rcw1
Good evening
All time high achieved today (16/02/24) ... nice one ... Where will it go now??? hmmm
Cannot wait for the 1/2 yearly report on 23 February 2024.
May well conjure up some excitement.
Hmmm wait and rcw1 guesses. Have a very nice weekend.
Kind regards
rcw1
One minute Chart
All time high achieved today (16/02/24) ... nice one ... Where will it go now??? hmmm
Cannot wait for the 1/2 yearly report on 23 February 2024.
May well conjure up some excitement.
Hmmm wait and rcw1 guesses. Have a very nice weekend.
Kind regards
rcw1
One minute Chart
Attachments
Good morning
Well then BXB exploded out of the box...... all time high. come back abit now though.
According to the company media announcement today:
Brambles’ 1H24 result: Increased first-half profit and strong cash flow generation supporting upgrade to FY24 guidance • Material improvements in asset efficiency and cash flow generation driven by more efficient pallet dynamics across retailer and manufacturer supply chains, including inventory optimisation, and Shaping Our Future transformation initiatives. • Inventory optimisation across supply chains in North America and Europe resulted in ~8 million additional pallet returns, delivering significant capital expenditure benefits with accompanying increases in repair, handling and transport costs. • Sales revenue increased 10%1 reflecting contributions primarily from prior-year pricing actions and, to a lesser extent, current period pricing to recover cost-to-serve increases, which more than offset a (1)% decline in volumes. Excluding the estimated impact of inventory optimisation, volumes increased 1%. • Underlying Profit2 increased 19%1 with operating leverage supported by flow-through of pricing and commercial terms to recover cost-to-serve, and transformation-linked productivity gains, including lower uncompensated asset losses. These benefits more than offset incremental costs associated with increased pallet returns and ongoing transformation investments. • Return on Capital Invested3 increased 2.0pts1 as Underlying Profit growth more than offset an 8% increase in Average Capital Invested. • Capital expenditure (accruals basis) decreased US$345 million1 driven by ~US$266 million benefits of ~10 million fewer pallet purchases from inventory optimisation and asset efficiency initiatives and ~US$90 million benefit from lumber deflation. • Free Cash Flow before dividends increased US$303 million primarily driven by lower capital expenditure, higher earnings, and improved compensation for lost assets. • FY24 interim dividend of 15.0 US cents per share resulting in a payout ratio of 50%. • Basic EPS growth of 15%1 in line with the growth in Profit after tax. • FY24 outlook: As detailed on page 6, Brambles now expects: Sales revenue growth at constant FX rates of between 6-8% (unchanged); Underlying Profit growth at constant FX rates of between 13-15% (previously 9-12%); and Positive Free Cash Flow before dividends of between US$700-800 million (previously US$450-550 million).
Sorry ain't got time to summarise properly....
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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from Livewire:
.
A lot has been written about blows to living standards on the heels of the sharp rise in interest rates and inflation over the past few years. The Reserve Bank of Australia has termed what many Australians are enduring as a “painful squeeze.” Adapting has meant cutting back on things once taken for granted, to stretch pay-packets. Few, if any, can escape the clutches of inflation and interest rates, including corporate Australia.
Businesses are grappling with higher labour, energy, and transport costs. Like households, they too are being impacted by rising rents and interest payments.
So, how are the country’s listed companies faring? Recent profit results reveal an intriguing, even encouraging picture, at least from what we would term “quality” companies.
By “quality”, we mean companies with records of strong return-on-equity and profitability, unthreatening debt levels, good interest cover, and management teams that have demonstrated the ability to manage costs effectively and implement productivity boosting plans across operations. Brambles Limited , Seven Group Holdings Limited and Metcash Limited are examples of what we regard as quality companies that have, up to now, succeeded in doing more with less by bending cost curves and improving margins.
Despite plentiful speculation over when Australian and global interest rates may be cut, we don’t expect to see cuts any time soon, and certainly not rapid-fire cuts when they do eventuate. That being the case, companies will need to keep doing more with less for some time yet.
The days of bullish top-line, or revenue growth, are likely to be some time away.
.
From an investment lens, a highlight of Brambles’ half-year financial results was a 19% rise in underlying profit, which was impressively ahead of a 10% rise in sales revenue and just a 1% increase in volumes.
This achievement was made possible by “operating leverage supported by flow-through of pricing and commercial terms to recover cost-to-serve and transformation-linked productivity gains.” In other words, getting more out of current business relationships by bearing down on costs as well as lifting operational productivity.
The company expects the “continuation of current operating conditions and trends” so it will have to keep wringing more efficiencies to meet investor expectations.
.
A lot has been written about blows to living standards on the heels of the sharp rise in interest rates and inflation over the past few years. The Reserve Bank of Australia has termed what many Australians are enduring as a “painful squeeze.” Adapting has meant cutting back on things once taken for granted, to stretch pay-packets. Few, if any, can escape the clutches of inflation and interest rates, including corporate Australia.
Businesses are grappling with higher labour, energy, and transport costs. Like households, they too are being impacted by rising rents and interest payments.
So, how are the country’s listed companies faring? Recent profit results reveal an intriguing, even encouraging picture, at least from what we would term “quality” companies.
By “quality”, we mean companies with records of strong return-on-equity and profitability, unthreatening debt levels, good interest cover, and management teams that have demonstrated the ability to manage costs effectively and implement productivity boosting plans across operations. Brambles Limited , Seven Group Holdings Limited and Metcash Limited are examples of what we regard as quality companies that have, up to now, succeeded in doing more with less by bending cost curves and improving margins.
Despite plentiful speculation over when Australian and global interest rates may be cut, we don’t expect to see cuts any time soon, and certainly not rapid-fire cuts when they do eventuate. That being the case, companies will need to keep doing more with less for some time yet.
The days of bullish top-line, or revenue growth, are likely to be some time away.
.
Brambles (ASX: BXB): profit growth ahead of sales revenue growth
Logistics is unglamorous but fail at it and there’s a fair chance a business will struggle. In that light, Brambles’ reusable pallets and containers form part of the backbone of global supply chains helping to efficiently move everything from fresh produce to consumer goods.From an investment lens, a highlight of Brambles’ half-year financial results was a 19% rise in underlying profit, which was impressively ahead of a 10% rise in sales revenue and just a 1% increase in volumes.
This achievement was made possible by “operating leverage supported by flow-through of pricing and commercial terms to recover cost-to-serve and transformation-linked productivity gains.” In other words, getting more out of current business relationships by bearing down on costs as well as lifting operational productivity.
The company expects the “continuation of current operating conditions and trends” so it will have to keep wringing more efficiencies to meet investor expectations.
Last edited:
Good morning
3rd 1/4 Brambles Trading update (see attached):
Brambles says ongoing inventory optimisation among retailers continued to to weigh on demand from existing customers in the third quarter, reflecting conditions observed in the first half. About 3 million additional pallet returns were reported across its network during the three months to March 31, bringing the year-to-date total to about 11 million pallets which is in line with full-year expectation of 13-14 million additional pallet returns.
Retailers and manufacturers are using existing inventory to service consumer demand, Brambles chief executive Graham Chipchase said, reporting sales revenue growth of 7 per cent to $US4.87bn at constant forex for the first nine months of FY24.
"Revenue growth was in line with expectations… as the rate of price growth continues to moderate in line with changes in our cost-to-serve and as we cycle higher prior-year pricing comparatives," he said. "Excluding this impact, we have started to see modest improvements in like-for-like volume trends in most markets during the third quarter which are starting to be more aligned with underlying consumer demand in each region."
Group volumes decreased 1 per cent driven by a 1 per cent decline in like-for-like volumes due to inventory optimisation across Europe and North America, while net new business wins across the group were flat on a nine-month comparison.
Not holding at present...
Have a very nice day, today.
Kind regards
rcw1
3rd 1/4 Brambles Trading update (see attached):
Brambles says ongoing inventory optimisation among retailers continued to to weigh on demand from existing customers in the third quarter, reflecting conditions observed in the first half. About 3 million additional pallet returns were reported across its network during the three months to March 31, bringing the year-to-date total to about 11 million pallets which is in line with full-year expectation of 13-14 million additional pallet returns.
Retailers and manufacturers are using existing inventory to service consumer demand, Brambles chief executive Graham Chipchase said, reporting sales revenue growth of 7 per cent to $US4.87bn at constant forex for the first nine months of FY24.
"Revenue growth was in line with expectations… as the rate of price growth continues to moderate in line with changes in our cost-to-serve and as we cycle higher prior-year pricing comparatives," he said. "Excluding this impact, we have started to see modest improvements in like-for-like volume trends in most markets during the third quarter which are starting to be more aligned with underlying consumer demand in each region."
Group volumes decreased 1 per cent driven by a 1 per cent decline in like-for-like volumes due to inventory optimisation across Europe and North America, while net new business wins across the group were flat on a nine-month comparison.
Not holding at present...
Have a very nice day, today.
Kind regards
rcw1
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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Brambles shares fell around 7% in an immediate negative reaction to its third-quarter sales update, despite the company showing that it is on track to meet growth guidance for the year to June.
Brambles reported 9% growth in sales revenue from continuing operations of $US4,872.3 million for the first nine months of 2023-24 (7% in constant currency).
As the company had been guiding to sales revenue growth of between 6% and 8% in constant currency for 2023-24, the outcome was on track.
The shares recovered a touch to end the session Tuesday down nearly 5%.
But it would seem after higher prices helped the company report 12% sales growth in the six months to the end of December, investors immediately shouted ‘slowdown’ and sold.
The company said its third-quarter performance was impacted by a reduction in rollover contributions from prior-year pricing initiatives to recover the cost-to-serve in CHEP Americas and CHEP emerging markets.
It said that rollover pricing (that is, higher prices) contributed five percentage points to price growth, with pricing actions taken in the current year to recover the cost-to-serve delivering three percentage points of growth in both the nine-month and third-quarter periods.
This was down from an eight percentage points contribution during the first half so the boost from previous price rises coming through into the new period is slowing, which suggests the current June quarter might see something similar.
But Brambles reaffirmed the rest of its guidance for the year to June.
It says it still expects underlying profit growth of between 13% and 15% at constant currency, and positive free cash flow before dividends of between $US700 million and $US800 million.
It also expects its dividend payout ratio to be consistent with its dividend policy of paying out 45% to 60% of underlying profit after finance costs and tax.
Naturally, CEO Graham Chipchase was pleased with the quarter....
Brambles reported 9% growth in sales revenue from continuing operations of $US4,872.3 million for the first nine months of 2023-24 (7% in constant currency).
As the company had been guiding to sales revenue growth of between 6% and 8% in constant currency for 2023-24, the outcome was on track.
The shares recovered a touch to end the session Tuesday down nearly 5%.
But it would seem after higher prices helped the company report 12% sales growth in the six months to the end of December, investors immediately shouted ‘slowdown’ and sold.
The company said its third-quarter performance was impacted by a reduction in rollover contributions from prior-year pricing initiatives to recover the cost-to-serve in CHEP Americas and CHEP emerging markets.
It said that rollover pricing (that is, higher prices) contributed five percentage points to price growth, with pricing actions taken in the current year to recover the cost-to-serve delivering three percentage points of growth in both the nine-month and third-quarter periods.
This was down from an eight percentage points contribution during the first half so the boost from previous price rises coming through into the new period is slowing, which suggests the current June quarter might see something similar.
But Brambles reaffirmed the rest of its guidance for the year to June.
It says it still expects underlying profit growth of between 13% and 15% at constant currency, and positive free cash flow before dividends of between $US700 million and $US800 million.
It also expects its dividend payout ratio to be consistent with its dividend policy of paying out 45% to 60% of underlying profit after finance costs and tax.
Naturally, CEO Graham Chipchase was pleased with the quarter....
Good evening
Brambles, which posted a 17 per cent rise in net profit to $US392.1 million ($598 million) for the December half, operates a pool of 353 million pallets and containers under the CHEP brand. It relies on the North American market for 47 per cent of its business. Media reports have Brambles sniffing around Loscam to expand its operation in an around SE Asia.
It has been reported that Brambles have mandated Greenhill Australia to help it prepare a non-binding indicative offer for Loscam’s SE Asia unit, which is up for sale as part of a wider package including Australia, New Zealand and China, via investment bank UBS.
Nice
Kind regards
rcw1
15-minute chart
Brambles, which posted a 17 per cent rise in net profit to $US392.1 million ($598 million) for the December half, operates a pool of 353 million pallets and containers under the CHEP brand. It relies on the North American market for 47 per cent of its business. Media reports have Brambles sniffing around Loscam to expand its operation in an around SE Asia.
It has been reported that Brambles have mandated Greenhill Australia to help it prepare a non-binding indicative offer for Loscam’s SE Asia unit, which is up for sale as part of a wider package including Australia, New Zealand and China, via investment bank UBS.
Nice
Kind regards
rcw1
15-minute chart
Good evening
Some really good SP all time highs for BXB of late indicative of 2024 financial year results:
Kind regards
rcw1
Some really good SP all time highs for BXB of late indicative of 2024 financial year results:
- Revenue increased by 7% from a year ago to US$6.55 billion;
- Underlying profit surged 18% to US$1.26 billion;
- Operating profit after tax for continuing operations increased by 19% to US$779.9 million;
- Basic earnings-per-share for continuing operations increased by 19% to US 56.1 cents;
- The final dividend per share of US 19 cents was declared, bringing the FY24 total dividends to US 34 cents per share; and
- The company's cash flow from operations surged by US$529.3 million from a year ago to US$1.32 billion in FY24, leading to a free cash flow of US$882.8 million.
Kind regards
rcw1
Good evening
Not a bad looking chart, beautiful on the eye smashing out all time SP highs ... onwards and upwards BXB ... is there any end in sight??? Very interesting.... Bloody marvelous really when it is all said and done.
Have a very nice night tonight.
Kind regards
rcw1
Not a bad looking chart, beautiful on the eye smashing out all time SP highs ... onwards and upwards BXB ... is there any end in sight??? Very interesting.... Bloody marvelous really when it is all said and done.
Have a very nice night tonight.
Kind regards
rcw1
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